TechEra Engineering’s IPO is a book-built issue valued at Rs 35.90 crores. The entire issue consists of a fresh offering of 43.78 lakh shares.
The subscription for the TechEra Engineering IPO opens on September 25, 2024, and closes on September 27, 2024. The allotment of shares is expected to be finalized on Monday, September 30, 2024. The company plans to list on the NSE SME, with a tentative listing date set for Thursday, October 3, 2024.
TechEra Engineering Limited operates in the aerospace and defense sector. The company specializes in the design, manufacture, and supply of precision tooling and components for these industries. Their product lineup includes assembly tools, jigs, fixtures, maintenance and repair (MRO) equipment, ground support systems, and precision-machined parts23. They also provide automation system solutions.
The price band for the TechEra Engineering IPO is set between ₹75 and ₹82 per share. Investors must apply for a minimum lot size of 1,600 shares, requiring a minimum investment of ₹131,200 for retail investors. High-net-worth individuals (HNIs) need to invest in at least 2 lots (3,200 shares), amounting to ₹262,400.
SKI Capital Services Limited is serving as the book-running lead manager for the TechEra Engineering IPO, while Kfin Technologies Limited is the registrar for the issue.
TechEra Engineering IPO Details:
| Company Name | TechEra Engineering Limited |
| Sector | Aerospace and Defense |
| IPO Type | SME |
| IPO Open date | 25th Sep 2024 |
| IPO Close date | 27th Sep 2024 |
| OFS | |
| Listing Exchanges | NSE |
| Share Holding Pre-issue | |
| DRHP Draft Prospectus | Click to check |
| RHP Draft Prospects | Click to check |
TechEra Engineering IPO Lot Size:
| Application | Lot Size | Shares | Amount |
| Retail (Min) | 1 | 1600 | 1,31,200 |
| HNI (Min) | 2 | 3200 | 2,62,400 |
TechEra Engineering IPO Timeline:
| IPO Open Date | 25th Sep 2024 |
| IPO Close Date | 27th Sep 2024 |
| Basis of Allotment | 30th Sep 2024 |
| Refund Initiation Date | 01st Oct 2024 |
| Shares Credit to Demat | 01st Oct 2024 |
| Listing Date | 03rd Oct 2024 |
Things to Consider before applying for an IPO
Financial Performance: Review TechEra Engineering’s financials to understand its revenue, profitability, and growth prospects.
Industry Outlook: Consider the overall health of India’s Aerospace and Defense Industry.
Valuation: Compare the price band to similar companies in the industry to see if the IPO is priced fairly.
Management Team: Research the experience and capabilities of the management team.
Our Verdict
This IPO offers a good opportunity to invest in TechEra Engineering and be a part of its growth.
FAQ
What is Grey Market Premium (GMP)?
The Grey Market Premium (GMP) represents the price at which an Initial Public Offering (IPO) is traded in the unregulated grey market before its official listing. It serves as an indicator of how the IPO might perform on the listing day. Seeing the latest GMP, investors can estimate the listing performance of the IPO.
